Eni Next

Eni Next

Eni Next operates as a US-domiciled corporate venture vehicle wholly owned by Eni SpA, the Rome-headquartered integrated energy company. Clara Andreoletti leads the firm as President and CEO, directing its mandate to bridge Eni's industrial scale with emerging technologies in decarbonization and new energy. The firm works in synergy with Eniverse Ventures, the company's corporate venture builder, forming a dual-channel approach to innovation. The firm targets early-stage startups whose technologies can be integrated into Eni's operations across renewable fuels, circular economy, energy storage, and carbon capture. Eni Next's relationship with the MIT Energy Initiative — where Eni is a founding member — provides a dedicated pipeline to research-stage companies. Co-investment partners have included Neva SGR, the venture arm of banking group Intesa Sanpaolo, pointing to a transatlantic and pan-European reach. The firm's structure also extends to listed vehicles, including the Eni Next - Azimut Energy Tech Fund domiciled in Luxembourg, which suggests a dual strategy of direct balance-sheet investment and managed third-party capital. The firm benefits from Eni's institutional infrastructure, including Eni's active participation in Global Corporate Venturing leadership circles and its connection to scientific research through the Fondazione Eni Enrico Mattei (FEEM). This foundation provides another lens through which Eni Next can connect technological potential to long-term energy economics. The firm's staff size and total deployed capital have not been publicly disclosed. Eni Next's structural differentiator is its identity as a corporate venture unit within a publicly traded, vertically integrated energy company. Unlike independent venture capital firms, its returns are partly measured by strategic integration — how successfully a portfolio company's technology reduces emissions or improves efficiency across Eni's own extraction, refining, and chemical operations. This hybrid financial-strategic mandate links startup due diligence directly to the operational decarbonization goals of one of Europe's seven largest oil and gas producers.